Oireachtas Joint and Select Committees
Thursday, 24 October 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages Report: Central Bank of Ireland
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
On vulture funds, in answer to a question, we heard that regulation travels with the loan and so on. Again, I must say that has not been my experience when dealing with clients whose loans have been sold to the vultures. It is not normal behaviour by the banks and such clients are not treated in a normal way. In fact, the behaviour of the vulture funds has been despicable. New legislation has applied some regulation to vulture funds or their agents. In implementing that legislation, has the Central Bank engaged directly - not in writing - with the funds?
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